Cabinet raises MSP for Rabi crops for Marketing Season 2025-26; wheat at ₹2,425 per quintal
On 16 October 2024, in New Delhi, the Cabinet Committee on Economic Affairs chaired by PM Narendra Modi approved higher Minimum Support Prices for all mandated Rabi crops for Marketing Season 2025-26.
Summary
On 16 October 2024, in New Delhi, the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved increased MSPs for all mandated Rabi crops for Marketing Season (RMS) 2025-26. Wheat MSP was raised by ₹150 to ₹2,425 per quintal (from ₹2,275). The highest absolute increase was for rapeseed & mustard (₹300 per quintal), followed by lentil (masur, ₹275). The expected margin over the all-India weighted average cost of production is highest for wheat at 105%, followed by rapeseed & mustard (98%) and lentil (89%). The increase follows the Union Budget 2018-19 announcement of fixing MSP at least 1.5 times the cost of production.
Key facts
- Date
- 16 Oct 2024
- Approved by
- CCEA chaired by PM
- Season
- Rabi Marketing Season 2025-26
- Wheat MSP
- ₹2,425/quintal (+₹150 from ₹2,275)
- Highest increase
- Rapeseed & mustard ₹300; lentil ₹275
- Highest margin
- Wheat 105% over cost
- Principle
- At least 1.5x cost (Budget 2018-19)
Practice MCQs 4 questions
What is the MSP of wheat for Rabi Marketing Season 2025-26, approved by the CCEA on 16 October 2024?
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Correct answer: D — ₹2,425 per quintal
PIB, 16 Oct 2024 (MSP table): Wheat - MSP RMS 2025-26 ₹2425; MSP RMS 2024-25 ₹2275; increase ₹150.
Which Rabi crop got the highest absolute increase in MSP for Marketing Season 2025-26?
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Correct answer: B — Rapeseed & mustard
PIB, 16 Oct 2024: the absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs.300 per quintal, followed by Lentil (Masur) at Rs.275 per quintal.
For Rabi Marketing Season 2025-26, the expected margin over the all-India weighted average cost of production is highest for which crop?
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Correct answer: A — Wheat (105%)
PIB, 16 Oct 2024: the expected margin over All-India weighted average cost of production is 105 percent for wheat, followed by 98 percent for rapeseed & mustard; 89 per cent for lentil; ... 50 percent for safflower.
Consider the following statements about the Rabi MSPs for Marketing Season 2025-26 approved on 16 October 2024: 1. Wheat received the highest absolute increase in MSP among Rabi crops. 2. The increase is in line with the Union Budget 2018-19 announcement of fixing MSP at least 1.5 times the all-India weighted average cost of production. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Statement 1 is wrong: the highest absolute increase was for rapeseed & mustard (₹300); wheat rose by ₹150. Statement 2 is correct per PIB. So statement 2 is correct.